Rupee faces pressure from oil prices and FII outflows
pre-market1 source ↓written by the desknot a recommendation
- as elevated crude
- ₹95.74
The Indian rupee is under pressure, trading at an intraday low of ₹95.74 as elevated crude oil prices and persistent foreign fund outflows weigh heavily on the currency. Analysts cite concerns over India's dependence on imported crude amid geopolitical tensions, which exacerbate fiscal deficit worries. This trend may continue to impact market sentiment in the near term.
Not investment advice. For informational purposes only.